Kunlun Energy (OTCMKTS:KLYCY) Reaches New 1-Year High – Time to Buy?

Kunlun Energy (OTCMKTS:KLYCY) shares hit a new 52-week high on Monday . The company traded as high as $11.75 and last traded at $11.75, with a volume of 133 shares traded. The stock had previously closed at $11.26.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded Kunlun Energy to a “hold” rating in a research report on Thursday, February 5th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Kunlun Energy currently has a consensus rating of “Hold”.

Kunlun Energy Price Performance

The business has a 50-day moving average of $10.15 and a 200 day moving average of $9.56. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.85 and a current ratio of 1.89.

Kunlun Energy Company Profile

Kunlun Energy Company Limited is a China-based energy company engaged primarily in the exploration, production, distribution and sales of natural gas and crude oil. As a publicly traded entity on the Hong Kong Stock Exchange and the OTC Markets under the ticker KLYCY, the company focuses on developing upstream reserves in key basins across northwest China, including the Tarim, Junggar and Turpan–Hami basins. Kunlun Energy’s upstream activities are supported by a combination of proprietary drilling technologies and strategic partnerships that enable it to target both conventional and unconventional hydrocarbon resources.

In its midstream operations, Kunlun Energy has established an extensive pipeline network that links its production areas to major consumption centers.